More Articles business

comment

Bed Bath & Beyond announced it will speed up its plan to realign store management structure, resulting in eliminating approximately 880 jobs.

The cuts will eliminate department and assistant store manager positions at nearly half of its stores.

The changes will save the company about $16 million, according to a statement.

"These actions accelerate a transition in store management roles that began more than a year ago through store hiring practices and attrition," Bed Bath & Beyond said in a statement. "These efforts simplify the store management structure and strengthen the Company's ability to meet the growing and changing desires of its customers by focusing additional staffing needs in non-management roles, and placing less emphasis on a management structure that supported a more rapid rate of store growth."